Dean Foate - RBC Bearings Independent Director

RBC Stock  USD 335.11  4.55  1.34%   

Director

Mr. Dean A. Foate is an Independent Director of the Company. Mr. Foate is the nonexecutive Chairman of the Board of Plexus Corporation since 2016. Previously, he served Plexus Corporation as President and Chief Executive Officer from 20022016, including Chairman of the Board from 20132016, and as Chief Operating Officer from 20012002. Prior to that time, Mr. Foate held other various leadership roles with Plexus Corporation since joining the company in 1984 since 2005.
Age 61
Tenure 19 years
Address One Tribology Center, Oxford, CT, United States, 06478
Phone203 267 7001
Webhttps://www.rbcbearings.com
Foate has a B.S. in Electrical and Computer Engineering from the University of Wisconsin, and an M.S. in Engineering Management from the Milwaukee School of Engineering. Among the qualities, skills, and attributes desired by our Board.

RBC Bearings Management Efficiency

The company has Return on Asset of 0.0475 % which means that on every $100 spent on assets, it made $0.0475 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0811 %, implying that it generated $0.0811 on every 100 dollars invested. RBC Bearings' management efficiency ratios could be used to measure how well RBC Bearings manages its routine affairs as well as how well it operates its assets and liabilities. As of December 1, 2024, Return On Tangible Assets is expected to decline to 0.03. In addition to that, Return On Capital Employed is expected to decline to 0.01. At present, RBC Bearings' Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 1 B, whereas Non Currrent Assets Other are projected to grow to (228.9 M).
RBC Bearings Incorporated has 1.29 B in debt with debt to equity (D/E) ratio of 0.67, which is OK given its current industry classification. RBC Bearings has a current ratio of 2.71, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for RBC to invest in growth at high rates of return.

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RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. The company was founded in 1919 and is headquartered in Oxford, Connecticut. RBC Bearings operates under Tools Accessories classification in the United States and is traded on New York Stock Exchange. It employs 4892 people. RBC Bearings Incorporated (RBC) is traded on New York Stock Exchange in USA. It is located in One Tribology Center, Oxford, CT, United States, 06478 and employs 5,302 people. RBC Bearings is listed under Electrical Components & Equipment category by Fama And French industry classification.

Management Performance

RBC Bearings Leadership Team

Elected by the shareholders, the RBC Bearings' board of directors comprises two types of representatives: RBC Bearings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RBC. The board's role is to monitor RBC Bearings' management team and ensure that shareholders' interests are well served. RBC Bearings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RBC Bearings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Hilton, Independent Director
Jerrald Morton, President Power Transmission Solutions Segment
Robert CPA, VP CFO
Jan Bertsch, Independent Director
Robert Rehard, Vice President Principal Accounting Officer, Corporate Controller
Robert Moffatt, Director Relations
Patrick Bannon, VP GM
David Gilbert, I Industrial
Richard Edwards, VP GM
Christopher Doerr, Presiding Independent Director
Stephen Burt, Independent Director
John Kunze, President Climate Solutions Segment
Dean Foate, Independent Director
Robert Sullivan, VP CFO
Daniel Bergeron, COO VP
Anesa Chaibi, Independent Director
Rakesh Sachdev, Independent Chairman of the Board
Michael Hartnett, President Chairman
John Feeney, General VP
John JD, General VP
Curtis Stoelting, Independent Director
Louis Pinkham, Chief Executive Officer, Director
Eric McGinnis, President Industrial Systems Segment
Cheryl Lewis, Chief Human Resource Officer, Vice President
John Avampato, Vice President, Chief Information Officer
Scott Brown, President Commercial Systems Segment
Thomas Valentyn, Vice President General Counsel, Secretary
Matthew Tift, Corporate Controller

RBC Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is RBC Bearings a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether RBC Bearings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RBC Bearings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rbc Bearings Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rbc Bearings Incorporated Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RBC Bearings Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
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Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RBC Bearings. If investors know RBC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RBC Bearings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.044
Earnings Share
6.87
Revenue Per Share
54.835
Quarterly Revenue Growth
0.032
Return On Assets
0.0475
The market value of RBC Bearings is measured differently than its book value, which is the value of RBC that is recorded on the company's balance sheet. Investors also form their own opinion of RBC Bearings' value that differs from its market value or its book value, called intrinsic value, which is RBC Bearings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RBC Bearings' market value can be influenced by many factors that don't directly affect RBC Bearings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RBC Bearings' value and its price as these two are different measures arrived at by different means. Investors typically determine if RBC Bearings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RBC Bearings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.